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    Inflation

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    Inflation, on average, makes people neither richer nor poorer. Therefore it has no cost. True or false? Explain.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:11 pm ad1c9bdddf
    https://brainmass.com/business/accounting/inflation-169819

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    Inflation, on average, makes people neither richer nor poorer, because their purchasing power stays the same.

    Imagine a situation where most of your income is spent ...

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